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The latest update is out from SportsHero Limited ( (AU:SHO) ).
SportsHero Limited has updated its shareholders on its financing facilities, revealing a total drawdown of $205,000 from existing loan facilities, with repayment due by September 2025. Additionally, the company disclosed a previously unreported $100,000 financing facility, which was initially misclassified as equity. This error has been corrected following an audit review. The funds from this facility, which bears a 40% annual interest rate, were used for working capital, and the company has already paid $20,000 in interest. The disclosure highlights the company’s ongoing efforts to manage its financial resources and maintain transparency with stakeholders.
More about SportsHero Limited
SportsHero Limited operates in the sports industry, focusing on providing digital platforms and services that engage sports fans and enhance their experience.
YTD Price Performance: 27.27%
Average Trading Volume: 1,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $12.98M
Find detailed analytics on SHO stock on TipRanks’ Stock Analysis page.